Saturday, 29 August 2015
Last updated 14 hours ago
Apr 27 2011 | 9:06am ET
New York-based Camac Partners has launched its first hedge fund, a global special situations vehicle. The new fund invests in several asset classes and seeks to “uncover situations that have a severe lack of competition, coupled with indiscriminate selling,” according to a source close to the firm.
The fund was started by Eric Shahinian, who most recently served as an analyst at Kingstown Capital, an $800 million special situations fund founded by a former Gotham Capital portfolio manager. Shahinian began his hedge fund career as an intern at The Baupost Group, which is now a $20 billion value hedge fund.
The new fund has a three year lockup and charges a management fee of 1% and performance fee of 20%. The fund may hold a significant cash balance in the absence of compelling investment opportunities. Seward and Kissel is serving as the legal advisor for the fund and BTIG is its prime broker.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…